Gregory Wong Sells 10,338 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 10,338 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the completion of the transaction, the chief financial officer directly owned 390,344 shares in the company, valued at $5,855,160. This trade represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Wong also recently made the following trade(s):

• On Monday, June 15th, Gregory Wong sold 22,057 shares of QuinStreet stock. The stock was sold at an average price of $12.19, for a total value of $268,874.83.

QuinStreet Trading Up 3.3%

Shares of NASDAQ:QNST traded up $0.50 on Thursday, hitting $15.82. 647,558 shares of the company’s stock were exchanged, compared to its average volume of 815,734. The stock has a market capitalization of $908.78 million, a price-to-earnings ratio of 13.88 and a beta of 0.67. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $17.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50 day simple moving average is $12.67 and its two-hundred day simple moving average is $12.83.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The firm had revenue of $346.14 million for the quarter, compared to analysts’ expectations of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Analysts anticipate that QuinStreet, Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on QNST. Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Weiss Ratings lowered QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Finally, Northland Securities began coverage on QuinStreet in a report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, QuinStreet currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares during the period. PNC Financial Services Group Inc. increased its holdings in QuinStreet by 54.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after buying an additional 1,066 shares during the period. Entropy Technologies LP increased its holdings in QuinStreet by 10.0% during the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after buying an additional 1,284 shares during the period. Captrust Financial Advisors raised its stake in QuinStreet by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock worth $2,488,000 after buying an additional 1,379 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after buying an additional 1,381 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.